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document. the job of government is to provide an environment in which our citizens can live their lives knowing that they will not be subject to nefarious actions by others. in the case of the farmers and ranchers, the terrible stories, thousands of stories like this that the chairman described. there was a failure of government to protect these people, and the results of this investigation, fulfilling congress' obligation to oversight, tell us we have many opportunities to improve and provide better protection, and these opportunities run the gamut from following the behavior of those who are in charge at entities like mf global to monitoring and modifying the ways in which the rating agencies do their business, do their job. there have been so many failures in so many ways, not only at an f global, but at other similar stories in recent history. one common strand seems to be that we need to provide our regulators with better tools to pursue the enforcement of law that existed prior to the massive imposition of dot-franc pit which did not have infinite resources and united states, nor
and the environment. the quality of life issues. host: walk us through the new leadership in china. guest: they cut it down by two. let's talk and more decisions. xi jinping will be the head of the military. host: his background. guest: he is to run large coastal provinces -- he used to run large coastal provinces. he has lineage with mao tse- tung. the person who will be the premier is ranked number two in the party. host: what is his background? guest: he came from a poor province. he has a ph.d. from a famous university in china. he has a solid command of english. he is seen as more of a reformer. host: is there a strong middle- class or is there a disparity between the poor and the wealthy in china? guest: that is the most serious problem for the leadership to address, social inequality. there are 200 million people are considered middle class. they are demanding an expecting different things from the leadership that they may or may not be able to deliver. host: the president is circling china through southeast asia and not going to china. is that a political message to china? guest: china will
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